Analysis of Beef Meat Slaughtering in Malaysia indicates a decreasing trend over the past decade. The peak was observed in 2015 at 150.92 thousand heads, following which there has been a substantial decline. For 2023, the volume stood at 102.98 thousand heads, reflecting a minor annual decrease of 1.02%. Over the last two years, the change remained negative. The 5-year compound annual growth rate (CAGR) was -0.52% up to 2023.
Future projections suggest a continued decline in beef slaughtering volumes in Malaysia, with an expected 5-year CAGR of -0.87%, culminating in an estimated 98.51 thousand heads by 2028. The total 5-year forecasted change from 2024 to 2028 is predicted to be -4.29%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative protein sources.
- Impacts of government policies on the livestock industry.
- Fluctuations in feed prices and their impact on production costs.
